11:18 AM EDT, 04/29/2024 (MT Newswires) -- (Updates with additional information, response from Boeing ( BA ) and latest share price movement.)

Boeing ( BA ) is working on a major bond sale, its first since reporting a Q1 loss and $3.9 billion of cash burn last week, Bloomberg News reported Monday, citing a person familiar with the matter.

The planemaker aims to issue debt in up to six parts in varying maturities, from three years to 40 years, the report said.

S&P Global Ratings and Fitch Ratings recently assigned negative outlooks to Boeing ( BA ). Moody's cut its rating on the company to one level above junk, Bloomberg reported.

Boeing ( BA ) declined MT Newswires' request for comment on the matter.

Shares of Boeing ( BA ) were up more than 3% in recent Monday trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 172.73, Change: +5.51, Percent Change: +3.29